Strs Ohio reduced its position in shares of Chimera Investment Co. (NYSE:CIM – Get Rating) by 4.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 53,600 shares of the real estate investment trust’s stock after selling 2,300 shares during the quarter. Strs Ohio’s holdings in Chimera Investment were worth $279,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC bought a new position in Chimera Investment in the 3rd quarter worth $57,000. Ziegler Capital Management LLC raised its holdings in Chimera Investment by 5.0% in the 3rd quarter. Ziegler Capital Management LLC now owns 138,302 shares of the real estate investment trust’s stock worth $722,000 after purchasing an additional 6,526 shares in the last quarter. Raymond James & Associates raised its holdings in Chimera Investment by 99.8% in the 3rd quarter. Raymond James & Associates now owns 87,880 shares of the real estate investment trust’s stock worth $459,000 after purchasing an additional 43,904 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Chimera Investment by 15.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 54,348 shares of the real estate investment trust’s stock worth $284,000 after purchasing an additional 7,299 shares in the last quarter. Finally, Great Valley Advisor Group Inc. bought a new position in Chimera Investment in the 3rd quarter worth $69,000. 47.06% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several brokerages have commented on CIM. TheStreet lowered shares of Chimera Investment from a “c-” rating to a “d+” rating in a report on Monday, October 10th. Credit Suisse Group decreased their price target on shares of Chimera Investment to $7.50 in a research note on Thursday, October 13th. StockNews.com began coverage on shares of Chimera Investment in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Royal Bank of Canada decreased their price target on shares of Chimera Investment from $11.00 to $7.00 and set an “outperform” rating for the company in a research note on Wednesday, October 5th.
Chimera Investment Stock Down 0.7 %
Chimera Investment (NYSE:CIM – Get Rating) last announced its quarterly earnings data on Thursday, November 3rd. The real estate investment trust reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. Chimera Investment had a negative net margin of 73.42% and a positive return on equity of 13.06%. During the same quarter in the prior year, the business posted $0.42 EPS. As a group, sell-side analysts anticipate that Chimera Investment Co. will post 1.22 earnings per share for the current fiscal year.
Chimera Investment Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, December 30th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 13.67%. The ex-dividend date is Thursday, December 29th. Chimera Investment’s dividend payout ratio (DPR) is -32.51%.
Chimera Investment Company Profile
Chimera Investment Corp. operates as a real estate investment trust. engaged in the business of investing in a portfolio of mortgage assets, including residential mortgage loans, Agency RMBS, Non-Agency RMBS, Agency CMBS, and other real estate-related assets The firm’s objective is to provide risk-adjusted returns to its investors over the long-term, primarily through dividends and secondarily through capital appreciation.
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